Pathways Housing Wellness Corporation
Nonprofit profile at a glance
- EIN
- 871347992
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Philadelphia, PA, USA
- Phone
- 2153901500
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $415,669
- Expenses
- $677,466
- Assets
- $2,916,888
- Liabilities
- $3,012,152
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHRISTINE SIMIRGLIA (PRESIDENT & CEO)
Highest reported compensation
- CHRISTINE SIMIRGLIA (PRESIDENT & CEO): $282,558 total reported compensation
- DON STEWART (CFO (UNTIL MARCH 2025)): $202,817 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pathways housing wellness corporation (phwc) is a nonprofit affordable housing developer that aims to improve health outcomes for very low-income philadelphians by pairing safe, secure, and affordable housing with high-quality wrap-around services to address behavioral and physical health issues. Our developments and services are targeted towards those who are experiencing homelessness or at risk of homelessness and those who are very low-income.
What it reported doing in 2024
Phwc accomplished the following during fy2025 as part of its affordable housing development program:(1) broke ground on phase i of the 17th street community corridor, which will bring 40 units of deeply affordable housing to the sharswood neighborhood of philadelphia. Construction completion is scheduled for december 2026, with units becoming available in early 2027. These units will have high quality appliances and fixtures, in-unit laundry, and high speed internet access. They will fit the existing character of the neighborhood. 30% of the units will be set aside for people coming out of homelessness, and all units will be affordable at 50% ami or below. The units will be subsidized by pha's faircloth to rad subsidies, meaning that no tenant will spend more than 30% of their income on rent, even if their income is $0.(2) applied for and funded the second phase of the 17th street community corridor, which will bring an additional 38 units of deeply affordable housing to the same block as phase i. Phase ii will have the same features and amenities as phase i, but will be spread over 9 smaller buildings.(3) applied for funding for another project about a block north of the 17th street community corridor, which will bring another 9 units to the neighborhood. This project will be funded by the city of philadelphia and phare funds.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 65
- Accountability: 82
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -63%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 4.31; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 1.03; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 107.2% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 83.4% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 56.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.2% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $557K in reported program spending
- Leadership: top reported pay $283K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.